Inflation Is Your Fault (The Atlantic)
(www.theatlantic.com)
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If someone audited where the money “printed” by the Biden Administration went they would not find it in the pockets of average Americans. I seriously doubt that money has bought much in the way of typical consumer goods at all. But, big business knows the Biden Administration’s policies provide a perfect cover for raising prices.
I think they’re printing money to float the stock and bond markets until the next election. They just can’t risk having them correct (crash) in the next year. So in a sense, there are a lot of people cashing out of the markets who are looking for places to park this money. On the flip side, by devaluing the currency by doing this, they force foreign holders of the dollar (ie China) to spend their reserves while they still have value. This buying spree drives up the cost of commodities around the globe as nations compete to secure resources prior to an inevitable collapse.